Market Internals Deteriorating

11/30/2009 9:16 am EST

Focus: STRATEGIES

Thomas Aspray

, Professional Trader & Analyst

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The A/D lines on the NYSE and NASDAQ did not confirm the recent highs and both have turned lower. The divergence was very evident in the NASDAQ and the A/D line broke support on Friday. This makes a deeper correction likely and it would take at least two days of three-to-one positive A/D numbers to turn it around. Click here to read the latest Trading Lessons article and learn more about market internals.

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